Earnings (Loss) Per Common Share (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of basic and diluted earnings (loss) per common share

The following table summarizes the Company’s earnings (loss) per share for the three and nine months ended September 30, 2022 and 2021 (USD in thousands, except per share amounts):


	Three Months Ended				Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Net earnings (loss) attributable to common stockholders	$	(37,414)	$	(51,811)	$	(103,692)	$	(64,986)
Basic weighted average common shares outstanding	494,061,205		473,829,962		496,392,410		432,989,602
Effect of dilutive securities
Convertible preferred shares- Series A	—		—		—		—
Convertible promissory notes	—		—		—		—
Diluted potential common shares	494,061,205		473,829,962		496,392,410		432,989,602
Earnings (loss) per share:
Basic	$	(0.08)	$	(0.11)	$	(0.21)	$	(0.15)
Diluted	$	(0.08)	$	(0.11)	$	(0.21)	$	(0.15)

Schedule of computation of diluted loss per share

The following table includes the number of shares that may be dilutive potential common shares in the future. The holders of these shares do not have a contractual obligation to share in the Company’s losses and thus these shares were not included in the computation of diluted loss per share because the effect was antidilutive (in thousands):


	September 30, 2022	December 31, 2021
Warrants	950	1,100
Options and RSUs	22,419	21,859
Series A Preferred Stock	933	933
Contingent shares	1,491	1,491
Convertible promissory note and interest	28,876	30,585
Total	54,669	55,968